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Mar 24, 2013
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paul krugman has the idea that deficits don't matter, not now. we spent some time understanding the thinking behind the theory. krugman is of course the nobel prize winning op-ed columnist for the "new york times." he is also princeton professor. thank you for doing this. so explain, first, specifically why you feel that right now really there is, as far as i can tell, almost no limit to what you would be willing to do in terms of stimulating the economy. >> right now is a time when not spending is extremely disruptive. if the government pulls back, it's destroying jobs and there's no way to offset that. ordinarily if a government spends less the federal reserve can cut interest rates, like we did at the end of the cold war, but we can't do that now because the interest rate fed controls are at zero. so we have no offset and conversely up to, if we increase spending right now it will create jobs and expand the economy. this is a really good time to be spending. won't always be like this. this is not the normal situation. normally we have an econo
paul krugman has the idea that deficits don't matter, not now. we spent some time understanding the thinking behind the theory. krugman is of course the nobel prize winning op-ed columnist for the "new york times." he is also princeton professor. thank you for doing this. so explain, first, specifically why you feel that right now really there is, as far as i can tell, almost no limit to what you would be willing to do in terms of stimulating the economy. >> right now is a time...
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Mar 22, 2013
03/13
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they are projecting a billion dollars deficit. it would save money the next take aid. when did you know that grandma was the one? when her sister dumped me. oh dad, you remember my friend alex? yeah. the one that had the work done... [ male announcer ] sometimes being too transparent can be a bad thing. this looks good! [ male announcer ] but not with the oscar mayer deli fresh clear pack. it's what you see is what you get food. i worked a patrol unit for 17 years in the city of baltimore. when i first started experiencing the pain, it's hard to describe because you have a numbness but yet you have the pain like thousands of needles sticking in your foot. it was progressively getting worse, and at that point, i knew i had to do something. when i went back to my health care professional, that's when she suggested the lyrica. once i started taking the lyrica, the pain started subsiding. [ male announcer ] it's known that diabetes damages nerves. lyrica is fda approved to treat diabetic nerve pain. lyrica is not for everyone. it may cause serious allergic reactions or sui
they are projecting a billion dollars deficit. it would save money the next take aid. when did you know that grandma was the one? when her sister dumped me. oh dad, you remember my friend alex? yeah. the one that had the work done... [ male announcer ] sometimes being too transparent can be a bad thing. this looks good! [ male announcer ] but not with the oscar mayer deli fresh clear pack. it's what you see is what you get food. i worked a patrol unit for 17 years in the city of baltimore. when...
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Mar 23, 2013
03/13
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but i have to tell you, wolf, we can't keep running up deficits like this. it will damage the economy deeply. people say we don't have a crisis on the horizon, of course we do. we have a debt on a tear. if the debt takes off like it is projected to do so, it is not only hurting our economy today, it is destroying it for the next generation. we can't sit around and be complicit with that. the problem is we have to do something about that. >> one final question. senator rand paul was here yesterday in "the situation room," 24 hours ago. he said flatly he is going to iowa the next few weeks, seriously thinking of running for the republican presidential nomination in 2016. thinks it is a good idea for him. what about you? >> i am going to make my mind up later. the reason i need to do this job, i am chairman of the budget committee, we have a crisis on the horizon, we need agreements done, i don't think it is good for me or wisconsin district or my colleagues to cloud my judgment at this time with other things. i need to do what i think is right in this moment,
but i have to tell you, wolf, we can't keep running up deficits like this. it will damage the economy deeply. people say we don't have a crisis on the horizon, of course we do. we have a debt on a tear. if the debt takes off like it is projected to do so, it is not only hurting our economy today, it is destroying it for the next generation. we can't sit around and be complicit with that. the problem is we have to do something about that. >> one final question. senator rand paul was here...
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Mar 20, 2013
03/13
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more revenue than any year in our history and yet we're still going to have a trillion dollars budget deficit. spending is the problem. >> the white house says in response, yes, it's true. taxes went up more than $600 billion over ten years at the end of the year but it is also true the white house put $1.5 trillion worth of spending cuts in their budget. the truth is you're both right. i mean, they have offered spending cuts. the taxes did go up. it still hasn't made enough of a dent. you still have to sit down and do something. >> right. i think we're doing our budget this year. actually we're doing it this week here in the house. our budget will balance in ten years. we're going to pass our budget. hopefully the senate will pass their budget. except their budget never comes to balance. the president's budget never comes to balance. you can't continue to spend money as far as the eye can see that you don't have. and that's what they're continuing to propose, along with higher taxes on the american people. >> but the political reality is, no budget deal can probably happen, not one that will
more revenue than any year in our history and yet we're still going to have a trillion dollars budget deficit. spending is the problem. >> the white house says in response, yes, it's true. taxes went up more than $600 billion over ten years at the end of the year but it is also true the white house put $1.5 trillion worth of spending cuts in their budget. the truth is you're both right. i mean, they have offered spending cuts. the taxes did go up. it still hasn't made enough of a dent....
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Mar 20, 2013
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and if we even need a grand bargain at this point since the peak in 2009, deficit is coming down. there is a new report out from president's council of economic advisors saying if we are able to hold medicare to growth rate over the past five years, it has actually been doing well and would go a long way to closing the budget gap. what are you looking for? do we even need a grand barring on right now? >> can couple of things. number one, i think it would be better if we had a grand bargain but i'm skeptical we would have one. give we give away money, about $1.2 trillion. everyone knows the tax code is a mess. economically inefficient. stacked off in times against the middle class. so if we can clean up the tax code that would be beneficial. second, healthcare issue is a very serious one. medicare costs are coming down but there's a demographic that awaits us. 10,000 folks a day are going on to medicare and it is not just medicare issue. it is a healthcare spending issue in this country that's tough on businesses, tough on individual. so if we can do something to help slow that rat
and if we even need a grand bargain at this point since the peak in 2009, deficit is coming down. there is a new report out from president's council of economic advisors saying if we are able to hold medicare to growth rate over the past five years, it has actually been doing well and would go a long way to closing the budget gap. what are you looking for? do we even need a grand barring on right now? >> can couple of things. number one, i think it would be better if we had a grand...
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Mar 23, 2013
03/13
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it's the worst deficit that we've had, and nobody knows. >> social security is easy to fix. you lift the cap right now if >>> predictions. pat. >> immigration reform passes the house. republicans kill it in the senate. >> eleanor. >>next state to legalize gay marriage. >> what state? >> illinois. >> susan. >> immigration reform is going to run into big trouble in congress. >> really. mort. >> what i think the economy is going to remain >>> i predict that president abi of japan trying to revitalize his economy by loosening its grip on inflation will overshoot. he will go into debt, it will go into debt
it's the worst deficit that we've had, and nobody knows. >> social security is easy to fix. you lift the cap right now if >>> predictions. pat. >> immigration reform passes the house. republicans kill it in the senate. >> eleanor. >>next state to legalize gay marriage. >> what state? >> illinois. >> susan. >> immigration reform is going to run into big trouble in congress. >> really. mort. >> what i think the economy is going...
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Mar 26, 2013
03/13
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the deficit has always been a canard. when you're in office, you don't take that much notice of the deficit. it's not number one priority. when you're out of office, it's a way to hit the people who are in office. >> i think that's a good point, lee, it isn't lost on me and i don't think it's lost on many people that when people like paul ryan talk about cutting the deficit. they always want to do so by going after programs they're ideologically opposed to. programs for feeding seniors, feeding children, cutting the department of education. they don't want to cut the deficit, they want to do it to get rid of programs they don't like. >> it's killing two birds with one stone. jared makes a great point. the way things are supposed to work is when we come out of these recessions we're supposed to grow and everything is supposed to get better. that's not happening yet. not happening yet and we have at the same time the incredible income inch quality issue. whatever you think about the tax cuts, when you have a middle class th
the deficit has always been a canard. when you're in office, you don't take that much notice of the deficit. it's not number one priority. when you're out of office, it's a way to hit the people who are in office. >> i think that's a good point, lee, it isn't lost on me and i don't think it's lost on many people that when people like paul ryan talk about cutting the deficit. they always want to do so by going after programs they're ideologically opposed to. programs for feeding seniors,...
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Mar 24, 2013
03/13
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it's the worst deficit that we've had, and nobody knows. >> social security is easy to fix. you lift the cap right now if >>> predictions. pat. >> immigration reform passes the house. republicans kill it in the senate. >> eleanor. >>next state to legalize gay marriage. >> what state? >> illinois. >> susan. >> immigration reform is going to run into big trouble in congress. >> really. mort. >> what i think the economy is going to remain >>> i predict that president abi of japan trying to revitalize his economy by loosening its grip on inflation will overshoot. he will go into debt, it will go into debt >>> two closely watched u.s. supreme court cases are around the corner. for advocates and opponents for same-sex marriage. we will look at the issue as then mayor gavin newsom issued marriage licenses. we get an update from washington, d.c. for the preparations for the up coming hearings. >> they will be mindful of the limited role as judges to interpret existing law. >> plus, legal analysis on how the issues might be viewed on the highest court in the land. stay tuned for the
it's the worst deficit that we've had, and nobody knows. >> social security is easy to fix. you lift the cap right now if >>> predictions. pat. >> immigration reform passes the house. republicans kill it in the senate. >> eleanor. >>next state to legalize gay marriage. >> what state? >> illinois. >> susan. >> immigration reform is going to run into big trouble in congress. >> really. mort. >> what i think the economy is going...
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Mar 18, 2013
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then we address the long term budget deficit in a balanced way where we ask for shared responsibility as opposed to the republican plan which provides another tax break wind fall to very wealthy people at the end of everybody else. the expense of the middle class, the expense of commitments to seniors. so our focus right now is to number one, do no harm to the economy. number two, invest in a jobs plan that will help put people back to work. whether building roads or bridges or infrastructure or other things important to our economy. >> why will it take until 2040 to balance the budget under your plan? >> well, if you actually look at the past 40 years, we've only had four balanced budgets. those were during the clinton years and once leaning over to the bush years and then they squandered that balance. so the reason we do that is our focus is on jobs, craig. our focus is on meeting our commitments to seniors. we will not balance the budget on the backs of our kids' education or on the backs of our commitments to seniors. whether it is under medicare or medicaid. what we do is immedia
then we address the long term budget deficit in a balanced way where we ask for shared responsibility as opposed to the republican plan which provides another tax break wind fall to very wealthy people at the end of everybody else. the expense of the middle class, the expense of commitments to seniors. so our focus right now is to number one, do no harm to the economy. number two, invest in a jobs plan that will help put people back to work. whether building roads or bridges or infrastructure...
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Mar 23, 2013
03/13
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the government would still be in a deficit after ten years. senator patty murray argues the plan creates jobs and economic growth but, of course, during the process, patience did run thin. >> madam president, madam president, madam president. >> senate will come to order. >> madam president, the senate is not in order. i flow's a lot of march madness going on. we would like to keep it calm on the floor so that senators can be heard. >> reporter: the white house recently passed -- excuse me, the house recently passed the ryan budget plan which includes a $4.6 trillion deficit reduction over the next decade. these budget plans are resolutions are not bills. this week, congress did pass a continuing resolution bill which actually funds the government for the next six months. we did hear from white house press secretary jay carney, responding to today's news in a statement and reading, in part, "like the president's plan, the senate budget cuts wasteful spending, makes tough choices to strengthen entitlements and eliminates special tax breaks and
the government would still be in a deficit after ten years. senator patty murray argues the plan creates jobs and economic growth but, of course, during the process, patience did run thin. >> madam president, madam president, madam president. >> senate will come to order. >> madam president, the senate is not in order. i flow's a lot of march madness going on. we would like to keep it calm on the floor so that senators can be heard. >> reporter: the white house recently...
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Mar 20, 2013
03/13
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on the jobs deficit to help deal with the budget deficit. now, we also reduce the deficit in a steady, sustained way. we do it with balance. we do it with targeted cuts, but we also do it, mr. chairman, by eliminating some of the tax breaks and tax expenditures for very high-income individuals. we heard from governor romney and we heard from the chairman of the budget committee last fall and this year that there are trillions of dollars of tax expenditures that disproportionately benefit very wealthy people. so the republican plan, they said we'll get rid of your tax expenditures for high-income people, but we'll bring down your top rate. so in the end the folks at the top get a very big windfall. we say let's eliminate some of those tax breaks for very wealthy people in order to help reduce our deficit, so when you combine that savings with targeted cuts, you can reduce it in a balanced way rather than increasing the tax burden on the middle class which is what their budget will do. we also want to make sure we keep our commitments to our s
on the jobs deficit to help deal with the budget deficit. now, we also reduce the deficit in a steady, sustained way. we do it with balance. we do it with targeted cuts, but we also do it, mr. chairman, by eliminating some of the tax breaks and tax expenditures for very high-income individuals. we heard from governor romney and we heard from the chairman of the budget committee last fall and this year that there are trillions of dollars of tax expenditures that disproportionately benefit very...
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Mar 19, 2013
03/13
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the simpson-bowles commission set a 10-year deficit reduction goal as the amount of deficit reduction we needed to get our budget under control. the c.b.c. does not endorse the specific recommendations of that goal, but our budget does accept the overall spending limitations the deficit reduction goals. based on most analysis, we have already passed and the president has signed into law approximately $2.4 trillion in deficit reduction through 2022, not including the sequester and to reach the goal, we need an additional $1.6 trillion in deficit reduction. so working off the c.b.o.'s baseline, we first instruct the ways and means committee to enhance receive news by $2.7 trillion over the next 10 years. that is not an extraordinary figure. just a few weeks ago, we passed a $3.9 trillion extension in tax cuts. so going back over that and coming up with $2.7 trillion is within the realm of possibility. we just don't make the number up. we show $4.2 trillion in possible options in coming up with the $2.7 trillion. that would include limiting the deductibility of corporate interest payment
the simpson-bowles commission set a 10-year deficit reduction goal as the amount of deficit reduction we needed to get our budget under control. the c.b.c. does not endorse the specific recommendations of that goal, but our budget does accept the overall spending limitations the deficit reduction goals. based on most analysis, we have already passed and the president has signed into law approximately $2.4 trillion in deficit reduction through 2022, not including the sequester and to reach the...
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Mar 21, 2013
03/13
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if the sequester stays in you've got over 3 1/2 trillion dollars of deficit reduction already so we don't have an immediate crisis in terms of debt. in fact for the next ten years it's in sustainable place. >> we do not have an immediate debt crisis, but we all know we have one looming. >> greta: turns out a majority of americans disagree with the president and the speaker of the house. a new poll showing, a fox poll, that 68% of americans describe the national debt as an immediate problem. only 27% say the debt can be handled in the future. mayor, what do you think? the speaker and the president don't think it's an immediate problem? >> i think the american people are far better economists than the people in washington. the reality we do have a serious debt problem. it's been accumulating now for four or five years. under obama it's been accumulating at massive amounts and there's no serious plan about cutting it. the numbers he was talking about, the cuts, many of which really aren't cuts at all, actually, he hasn't cut anything. he's reduced to some extent the rate of increase, but he
if the sequester stays in you've got over 3 1/2 trillion dollars of deficit reduction already so we don't have an immediate crisis in terms of debt. in fact for the next ten years it's in sustainable place. >> we do not have an immediate debt crisis, but we all know we have one looming. >> greta: turns out a majority of americans disagree with the president and the speaker of the house. a new poll showing, a fox poll, that 68% of americans describe the national debt as an immediate...
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Mar 21, 2013
03/13
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it will bring more revenue in than any year in the history and we'll have a trillion dollar deficit. spending is a problem. >> the senate passed a six-month budget measure yesterday that keeps most cuts in place. congress is now involved in the controversy over the washington redskins team name. a bipartisan bill which is introduced yesterday by ten lawmakers boo cancel the nfl team's trademark of the name redskins. this at the same time the federal court considers a petition by a group of knave americans to cancel the trademark. the redskins brand is not meant to offend, but apparently it does. >> i can't remember a time in my life where people haven't been discussing and debating team names like the redskins. but this is the first time i recall someone taking a business angle, talking about the trademark issue. >> it's offensive to a lot of people. think at some point they will have to change it. >> it's different than the fighting illini. this was a derogatory word in certain point in american history. it's a little bit different than -- iowa, illinois, states named after indian t
it will bring more revenue in than any year in the history and we'll have a trillion dollar deficit. spending is a problem. >> the senate passed a six-month budget measure yesterday that keeps most cuts in place. congress is now involved in the controversy over the washington redskins team name. a bipartisan bill which is introduced yesterday by ten lawmakers boo cancel the nfl team's trademark of the name redskins. this at the same time the federal court considers a petition by a group...
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Mar 25, 2013
03/13
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>> the question is, dan, are we in a situation where we have to deal with deficit reduction tomorrow or whether we can deal with it on a basis of we can get there as we deal with stimulating the economy and bringing revenue back into the economy and deal with deficit rededuction at the same time. the aus ter citerity. >> it's for the austerity. >> if you do not get ahead of this problem, this entitlement crisis, this brewing entitlement crisis, we have time. we have time to get ahead of it now. if you look what happened in europe awe -- asaying your benefits are being cut tomorrow. >> but you've got to -- >> let me finish the point! not five or ten years from now, next month, your benefit is get slashed. if you do not get ahead of this that is what awe sistusterity l like now. >> i think what is he saying, though, if you stimulate the economy and provide jobs and infrastructure it will put resources into the system because you will be creating taxpayers and you'll be making it more solvent to deal with these problems. i think that is where the disagreement is. >> i had a really incit
>> the question is, dan, are we in a situation where we have to deal with deficit reduction tomorrow or whether we can deal with it on a basis of we can get there as we deal with stimulating the economy and bringing revenue back into the economy and deal with deficit rededuction at the same time. the aus ter citerity. >> it's for the austerity. >> if you do not get ahead of this problem, this entitlement crisis, this brewing entitlement crisis, we have time. we have time to...
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Mar 25, 2013
03/13
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deficits have nothing to do, because the federal government reduced its deficit. that doesn't mean wal matt is going to go out and hire a bunch of people. they're not connected and we're having this conversation over and over. >> that's the problem with our side. >> i want to get josh in here. >> the usual circumstance in which government borrowing is crowding out private investment and holding back growth is that interest rates rise because governments trying to borrow money at the same time that companies are trying to raise capital, it makes capital more expensive and it makes difficult for people to invest. we're not seeing it right now. interest rates are extremely low, not just in the short-term, but also in the long run. we have extremely low, 30-year interest rates what that reflects is there's not a lot of demand for capital in the private sector. the government could be boosting the economy by borrowing and spending the money itself. and in the future, if, if we see interest rates starting to rides, that will be in part an indication of expectations of i
deficits have nothing to do, because the federal government reduced its deficit. that doesn't mean wal matt is going to go out and hire a bunch of people. they're not connected and we're having this conversation over and over. >> that's the problem with our side. >> i want to get josh in here. >> the usual circumstance in which government borrowing is crowding out private investment and holding back growth is that interest rates rise because governments trying to borrow money...
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Mar 23, 2013
03/13
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it's an effort to shore up the billion dollar budget deficit. as shocking as this sounds, cities are facing similar meesures are in your city could be one of them. could this actually be the best medicine? joining me n is the ceo of the illinois policy institute. >> and the 2010 census, 200,000 africans left and that has been a decades long time. many are declaring that the chicago public school system, which has monopoly control over educational systems is failing. they are leaving. we have these empty scols that have to be closed. melissa: it seems a liitle too easy. some people have been saying that the schools are empty, they are curable schools, is they're not going to be overcrowding? >> chicago's population is in a long-term decline. we have the lowest population that we have had since 1920. it was built from hundreds of thousands of more people. all over the city there is excess capacity. they are moving these kids out of the schools and giving them a life in schools that have capacity to not overcrowd them. it will save money, but more
it's an effort to shore up the billion dollar budget deficit. as shocking as this sounds, cities are facing similar meesures are in your city could be one of them. could this actually be the best medicine? joining me n is the ceo of the illinois policy institute. >> and the 2010 census, 200,000 africans left and that has been a decades long time. many are declaring that the chicago public school system, which has monopoly control over educational systems is failing. they are leaving. we...
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Mar 20, 2013
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deficits in the western world. that would pose a huge risk to the stability of the british economy, threaten a sharp rise in interest rates, and leave the burden of debt to our children and grandchildren. and i will not take that gamble with the future of this country, especially when those representations came from the very same people who have the previous gamble with our economy lead for the mess we're clearing up in the first place. [shouting] >> be deputy speaker, the spending reduction we promise have been more than delivered. welfare reform have been legislative are taking place. here is a clear sign of progress, the proportion of national income spent by the state has fallen from 47.4% three years ago to 43.6 percent today. and on course to reach 40.5% at the end of the period. we have set out a deficit plan and delivering that plan. and the measures i will announce today are fiscally neutral overall. ask the british people and they will tell you our problem with the country is that we tax too little but th
deficits in the western world. that would pose a huge risk to the stability of the british economy, threaten a sharp rise in interest rates, and leave the burden of debt to our children and grandchildren. and i will not take that gamble with the future of this country, especially when those representations came from the very same people who have the previous gamble with our economy lead for the mess we're clearing up in the first place. [shouting] >> be deputy speaker, the spending...
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Mar 18, 2013
03/13
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they're not talking to me about the deficit. they want to know what we're doing as far as putting the american people to work. can you expound upon that for me please? ms. fudge: absolutely. i thank the gentlelady. what we have done in this budget, not only did we put in $13 billion for work force training, for job corps, for dislocated workers, retraining, segment training but in total we have almost $500 billion worth of job creation built into our budget. more than any budget, more than any budget, whether it be the democratic caucus, the white house budget or the republican budget. we have doubled down on jobs in the c.b.c. budget. ms. brown: thank you, madam chair. mr. horsford: continuing on, as the chairwoman of the c.b.c. just talked about, the congressional black caucus budget is an alternative budget for the fiscal year 2014. it puts forth a plan that reduces the deficit by $2.8 trillion over the next decade and creates millions of jobs through significant investments toward job creation that will accelerate our econom
they're not talking to me about the deficit. they want to know what we're doing as far as putting the american people to work. can you expound upon that for me please? ms. fudge: absolutely. i thank the gentlelady. what we have done in this budget, not only did we put in $13 billion for work force training, for job corps, for dislocated workers, retraining, segment training but in total we have almost $500 billion worth of job creation built into our budget. more than any budget, more than any...
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Mar 19, 2013
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but once again, not surprising, the parties split over taxes, spending cuts, and the deficit. house republicans and democrats from the house are now trying to make their case. >> the republican budget, the same baby with a new dip somewhere there is diaper will have be changed once again. reality is, this budget is very little difference between this budget and the ryan republican budgets of the past. >> you want more tax and spend or you want a future that balances. the question is always why, one or the other. the democrats' tax and spend, you get the same economy that you've had right now. you're going to lose more of your paycheck which every person working today has. >> all right. so another thing happening at the white house here. the easter egg roll might be spared from this government gridlock. all this started when ticket holders to the annual event were told it could be cancelled if lawmakers cannot agree on a plan to prevent the government from shutting down. this year's easter egg roll set for april 1st. looks like it's going forward as planned. we know it's a fun
but once again, not surprising, the parties split over taxes, spending cuts, and the deficit. house republicans and democrats from the house are now trying to make their case. >> the republican budget, the same baby with a new dip somewhere there is diaper will have be changed once again. reality is, this budget is very little difference between this budget and the ryan republican budgets of the past. >> you want more tax and spend or you want a future that balances. the question is...
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Mar 19, 2013
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will they give the president a major deficit reduction victory or not? if they really believe that needs to be done and the president put something on the table that gets them significant entitlement reform and savings, i think they've got to do it. >> harold, i think the possibility of deals and immigration, possibility of deals on guns, possibility of deals on the budget, on the long-term debt, i think the possibilities are actually -- excuse me for being optimistic, pretty darn good on all fronts. you've got republicans who daily are holding press conferences wringing their hands trying to figure out how to save their party. and you have a president who, again, he's a 47%, pretty damn good considering everything. but still, he wants to be over 50% and he wants a legacy. he doesn't want to just talk about what he did the first two years. >> i agree. i believe the prospects for progress on both immigration and gun control are gun regulation. if we get progress on the budget and the debt. i think immigration and gun regulations are easier to win. if the
will they give the president a major deficit reduction victory or not? if they really believe that needs to be done and the president put something on the table that gets them significant entitlement reform and savings, i think they've got to do it. >> harold, i think the possibility of deals and immigration, possibility of deals on guns, possibility of deals on the budget, on the long-term debt, i think the possibilities are actually -- excuse me for being optimistic, pretty darn good on...
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Mar 25, 2013
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immigration, the deficit, the long term budget plan and they haven't cleaned up their room. while the president is pushing ahead with his second term priorities today, he hosted a 28 brand new american citizens at the white house including 13 service members. >> after avoiding the problem for years, the time has come to fix it once and for all. the time has come for a comprehensive, sensible immigration reform. we are making progress but we've got to finish the job. we've just got at this point to work up the political courage to do what is required to be done. so i expect a bill to be put forward. i speck the debate to begin next month. i want to sign that bill into law as soon as possible. >> what if anything can get done while congress is away? politico's marty kay, can the president make the most of these two weeks? can he do things while congress is away? >> he can probably be very effective while congress is away of they're scattered around the country and the world. he can use this time to talk about immigration, a little about gun control if he wants to. what we hear
immigration, the deficit, the long term budget plan and they haven't cleaned up their room. while the president is pushing ahead with his second term priorities today, he hosted a 28 brand new american citizens at the white house including 13 service members. >> after avoiding the problem for years, the time has come to fix it once and for all. the time has come for a comprehensive, sensible immigration reform. we are making progress but we've got to finish the job. we've just got at this...
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Mar 24, 2013
03/13
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between those who are saying we have to go with growth right now, to we have to handle this debt and deficit thing. another is that i think the republican party has to make clear what its foreign policy is. it has had two wars for the past 12 years, people are still settling in and thinking, the voters have said, we don't like that. we're not for that. the republican party has to make clear what it stands for and it is going to have a little bit of debate to get there. those two big things and the policies that spring from them will make all of the difference, so will an eventual compelling presidential candidate. somebody who is involved right now. at the end of the day, it's the candidates who resolve a lot of unresolved things by taking a stand and speaking forcefully for it. >> that was bill clinton after walter mondale lost it. after jimmy carter lost. we had a dynamic governor who was reformed minded and brought those issues into the national forefront. he really helped recharge the democratic party. you know, the republican party is out to lunch. i watched cpac, karl. karl was a forme
between those who are saying we have to go with growth right now, to we have to handle this debt and deficit thing. another is that i think the republican party has to make clear what its foreign policy is. it has had two wars for the past 12 years, people are still settling in and thinking, the voters have said, we don't like that. we're not for that. the republican party has to make clear what it stands for and it is going to have a little bit of debate to get there. those two big things and...
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Mar 21, 2013
03/13
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neil: i think it's a deficit. >> no, it's 17 times our debt. pretty close there. neil: i was talking to charlie rangel earlier on this issue, and he more or less tried to make fun of the notion of imujts themselves, whether they are on time or late, regardless, you know, no one really sticks to them, and actually in truth, he's right about that, but he duds make a mockery of the process, not only when you propose budgets late, and other presidents who have done this before. he's developed into an art form, obviously, but when you don't stick to them in the thing, and you blow them away by spending far more than is allocated in them. what do you think of this in >> well, i think submitting a budget's important besides the fact it's required by law because it's the blueprint for where we go forward fiscally, and you have to abide by the law. what congress is doing between the ryan budget and murray budget, we're going nowhere fast, and essentially, the question is is president obama going to put forth a budget, stick his neck out, modernize entitlements? guess what,
neil: i think it's a deficit. >> no, it's 17 times our debt. pretty close there. neil: i was talking to charlie rangel earlier on this issue, and he more or less tried to make fun of the notion of imujts themselves, whether they are on time or late, regardless, you know, no one really sticks to them, and actually in truth, he's right about that, but he duds make a mockery of the process, not only when you propose budgets late, and other presidents who have done this before. he's developed...
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Mar 19, 2013
03/13
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we say, let's take some of that revenue to help reduce the deficit, combined with other targeted cuts. >> be more specific for me. when you talk about tax loopholes and the very wealthy. which specific loopholes and what is very wealthy? >> sure, sure, these are, when you're in the highest tax bracket, you're in the 39% tax bracket when you get a deduction, whatever it may be for, you get 39 cents worth of deduction. whereas somebody who is in the 28% tax bracket only gets 28 cents deduction for that particular deduction. so what we're saying and this is similar to a proposal the president's put forward, is that for folks who are in that very high bracket, the 39% bracket, the value of your deductions will be limited to about 28% which is what the value of deductions is for a middle income taxpayer. >> so ultimately, the budget that you have there and i just read the little chunk of it, you have more revenue increases than cuts, right? >> within, within this particular budget, but if you look, soledad, at the two-year period of reduction we've been engaged in, which is -- includes the
we say, let's take some of that revenue to help reduce the deficit, combined with other targeted cuts. >> be more specific for me. when you talk about tax loopholes and the very wealthy. which specific loopholes and what is very wealthy? >> sure, sure, these are, when you're in the highest tax bracket, you're in the 39% tax bracket when you get a deduction, whatever it may be for, you get 39 cents worth of deduction. whereas somebody who is in the 28% tax bracket only gets 28 cents...
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Mar 19, 2013
03/13
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CSPAN2
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the budget presented by the deficit majority makes no effort to reduce deficits, reduce spending, balance the budget or grow the economy. instead, this budget seeks to grow government by taxing more and spending more. it's time that we all recognize that government exists to serve the needs of the people rather than people serving the needs of their government. there are some who believe that government is the only creator of economic prosperity, and if others have achieved success, they must be by default the cause of others' hardships. this type of glass warfare, demagoguery as it is, is harmful to america and our future. it seeks and does divide america. the budget presented by the deficit majority is partisan business as usual. it will tax success by adding another trillion dollars. it increases government spending, it ignores the subject of our health care entitlements, and this whole approach is simply not good for advancing america's economy. it places no priority on ever bringing our budget into balance the deficit majority speaks at length about growing the economy and creating a
the budget presented by the deficit majority makes no effort to reduce deficits, reduce spending, balance the budget or grow the economy. instead, this budget seeks to grow government by taxing more and spending more. it's time that we all recognize that government exists to serve the needs of the people rather than people serving the needs of their government. there are some who believe that government is the only creator of economic prosperity, and if others have achieved success, they must...
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Mar 20, 2013
03/13
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FBC
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our deficit is as well as it makings it cheaper for poll tish shuns to borrow. former representative ron paul says why the fed is addicted to the this. you don't want to miss ron paul coming up. lauren: despite the cyprus scare, our next guest says they offer good investments. he will tell you which ones to buy. his answers certainly surprised me. lauren: time for a quick speed read of some of the day's other headlines. five stories, one minute of the first up, general motors recalling 34,000 vehicles to fix transmissions. recall affects 2013 buick lacrosse and cadillac srx crossover models. >>> u.s. crude oil production set to pass imports for the first time in 18 years. the gap between monthly oil production and imports is projected to be nearly two million barrels per day by 2014. >>> neiman marcus settles with the federal trade commission after claiming its products were made with faux fur when they contained real fur. it prohibits the retailer from violating those laws for 20 years. >>> total number of mortgage applications subpoena applied for in the u.s.
our deficit is as well as it makings it cheaper for poll tish shuns to borrow. former representative ron paul says why the fed is addicted to the this. you don't want to miss ron paul coming up. lauren: despite the cyprus scare, our next guest says they offer good investments. he will tell you which ones to buy. his answers certainly surprised me. lauren: time for a quick speed read of some of the day's other headlines. five stories, one minute of the first up, general motors recalling 34,000...
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Mar 18, 2013
03/13
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CNNW
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washington right now, can president obama and republicans reach a long-term agreement on reducing the deficit? >> the answer, different depending on which republican you ask. house speaker john boehner doesn't sound very hopeful. he's standing firm against the idea of increasing tax rates, increasing tax revenue. >> the president believes that we have to have more taxes from the american people. we're not going to get very far. if the president doesn't believe that the goal ought to be to balance the budget over the next ten years, i'm not sure we're going to get very far. and this is the whole issue. we have a spending problem here in washington, and it's time to solve the problem. >> we're hearing different things coming from various republicans, including senator bob corker. he's a republican of tennessee. he says he's optimistic about the possibility of what's called a grand bargain, and he's open to the idea of raising tax revenues to cut the deal under certain circumstances. senator corker's joining us now from capitol hill. senator, thanks very much for coming in. >> good to be with yo
washington right now, can president obama and republicans reach a long-term agreement on reducing the deficit? >> the answer, different depending on which republican you ask. house speaker john boehner doesn't sound very hopeful. he's standing firm against the idea of increasing tax rates, increasing tax revenue. >> the president believes that we have to have more taxes from the american people. we're not going to get very far. if the president doesn't believe that the goal ought to...
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Mar 21, 2013
03/13
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on top of that, how do you do it if you already have a billion dollar budget deficit? >> right. it's a big issue. a side story that i've been covering is the death of this 6-month-old girl on chicago's south side. yeah, security, safety, is a big issue and parents are concerned if they have to put their child on a city bus. >> i don't know what neighborhood my child is going to. i don't know about that neighborhood. i know about my neighborhood. >> 5:30 eastern time we should see a press conference there in chicago. we are anticipating, expecting, to see that list. >> this is a done deal, 50 schools, right? >> this is the recommendation by the school ceo. they will vote on it in the next few weeks, but this is the first recommendation and a lot of people are hot and angry about it. >> 70 schools affected when you look at staff from other schools. 70 schools total possible affected by this. thank you very much. appreciate that. >>> put your ipod down for just one second and focus on the time when you listened to your favorite music on records. remember that? some of you don't. ad
on top of that, how do you do it if you already have a billion dollar budget deficit? >> right. it's a big issue. a side story that i've been covering is the death of this 6-month-old girl on chicago's south side. yeah, security, safety, is a big issue and parents are concerned if they have to put their child on a city bus. >> i don't know what neighborhood my child is going to. i don't know about that neighborhood. i know about my neighborhood. >> 5:30 eastern time we should...
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Mar 21, 2013
03/13
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CSPAN
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we have reduced the deficit. the only intelligent way to measure deficit is as a percent of the economy. . percent of gdp that is for a simple reason. if you owe $10,000 on your credit card, is that urban some or not? it depends. if your salary is $30,000, 10 thousand dollars is a lot of money. if you are $3 million a year, $10,000 is not a lot of money. we have reduced the debt as a from 10.1%.f gdp it was 10% in 2009. it is now 5.3%. we have cut it in half. the fastest reduction in the deficit since the immobilization after world war ii, it is an inhibiting growth and the economy. i will vote against the sequester. i think we have done what we need to do with debt. we have the deficit down to a managing level. it will continue to come down. the caucus budget will bring it down further. right now, our crisis is jobs. we still have an eight -- we still have a 8% unemployment rate. if we got the people back to work, and our budget will create amillion jobs, if you have five percent unemployment rate by doing nothi
we have reduced the deficit. the only intelligent way to measure deficit is as a percent of the economy. . percent of gdp that is for a simple reason. if you owe $10,000 on your credit card, is that urban some or not? it depends. if your salary is $30,000, 10 thousand dollars is a lot of money. if you are $3 million a year, $10,000 is not a lot of money. we have reduced the debt as a from 10.1%.f gdp it was 10% in 2009. it is now 5.3%. we have cut it in half. the fastest reduction in the...
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Mar 19, 2013
03/13
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speaker, our real deficit is unemployment. let's eliminate this true deficit by bringing the president's american jobs act to the floor for a vote. it deserves a vote. mr. speaker, our mantra should be jobs, jobs, jobs. the speaker pro tempore: for what purpose does the gentleman from indiana seek recognition? >> i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection, the gentleman from indiana is recognized for one minute. >> mr. speaker, i rise today to honor an exceptional hoosier, dedicated public servant and a good friend of mine, martin. a man with a strong desire to help others and a man who has been a tremendous asset to the eighth district of indiana. martin has dedicated over 40 years of service to indiana, the eighth district, and to the republican party. he's currently serving his fourth term in elected office as county treasurer. he worked with many civic organizations and within the republican party, committee chairman and member of the eighth district central comm
speaker, our real deficit is unemployment. let's eliminate this true deficit by bringing the president's american jobs act to the floor for a vote. it deserves a vote. mr. speaker, our mantra should be jobs, jobs, jobs. the speaker pro tempore: for what purpose does the gentleman from indiana seek recognition? >> i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection, the gentleman from indiana is recognized for one minute. >> mr....
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Mar 24, 2013
03/13
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CNNW
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and what happens to the deficit and to paul krugman's theories then? i'll ask him. ♪ ♪ the new blackberry z10 with blackberry hub and flick typing. built to keep you moving. see it in action at blackberry.com/z10 today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. ♪ if loving you is wrong ♪ i don't wanna be right [ record scratch ] what?! it's not bad for you. it just tastes that way. [
and what happens to the deficit and to paul krugman's theories then? i'll ask him. ♪ ♪ the new blackberry z10 with blackberry hub and flick typing. built to keep you moving. see it in action at blackberry.com/z10 today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the...
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Mar 25, 2013
03/13
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CSPAN
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we have no interest rate in the country because we have a plan to get the deficit down. that's the key. the other point i would make, if you look for the lending scheme that has successfully reduced mortgage rates and made sure that people who don't have access to a large deposit able to look at buying a house. we are making progress but there's more to do. >> williamson . >> we had the wonderful news that -- [inaudible] 700 jobs -- last year we saw the creation of 70,000 manufacturing jobs in the u.k. does my friend think that the staff correct can of a 1.7 million manufacturing jobs -- [inaudible] >> they make an important point. it has been a massive success story for our country. i would raise all of those who invested money in the business and those who work in the business and apprenticeships trained in the business. it's hard on recovery of the automatictive sector that has seen a surplus in the number of cars that we export overseas and as part of a picture where toyota, honda, other auto motics are doing well and we support them. >> of the birth of dr. davey liv
we have no interest rate in the country because we have a plan to get the deficit down. that's the key. the other point i would make, if you look for the lending scheme that has successfully reduced mortgage rates and made sure that people who don't have access to a large deposit able to look at buying a house. we are making progress but there's more to do. >> williamson . >> we had the wonderful news that -- [inaudible] 700 jobs -- last year we saw the creation of 70,000...
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Mar 23, 2013
03/13
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KQED
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because the bases shall -- of both parties are opposed to the essential elements, entitlement reform and deficit reduction. >> but the difference between this grand bargine and the one two summers ago would be that you're in a world where the deficit might naturally be declining as well the would that make any difference? >> the problem is i don't think you can -- you still have to have revenue for this to be acceptable. ches -- i think it's clear that there won't be increased rates. that's not going to happen. so can this happen? can they tackle tax reform? >> you are also saying medicare costs are beginning to level off. they don't know why, but it's happening. for the first time in years, the democratic senate is actually considering a budget and that means there is possibly a good chance there is going to be a conference committee between the republican house and the democratic senate on the budget that could provide another opening of a bit of a window to again put some of the bigger ideas on the table the gwen: it's also possible that the sequestration, the word i hate to use, but the acro
because the bases shall -- of both parties are opposed to the essential elements, entitlement reform and deficit reduction. >> but the difference between this grand bargine and the one two summers ago would be that you're in a world where the deficit might naturally be declining as well the would that make any difference? >> the problem is i don't think you can -- you still have to have revenue for this to be acceptable. ches -- i think it's clear that there won't be increased...
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Mar 18, 2013
03/13
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KQED
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we set as a goal as a number of others have to rules the deficit by 4 trillion dollars over the next decade. we made substantial progress. two and-a-half million. we didn't reach a plan then because speaker boehner decided to go to plan b. if we couldn't get to the bargain then i don't know if it's any easier now. it's hard for me to say what has changed from their calculations. but the president is going to try whatever will work and try to be helpful with this process. >> rose: just a couple points about what's happening in the most. one is as you know, there's some question as to the process that led boehner to leave the negotiations for the grand bargain at that time and whether the president said i need more, i need more revenue and that caused boehner to say we can't do that and the deal was not that and i'm out of here. that's one. the other is who actually called for the sequester and those two things have been in discussion and now the administration accepts responsibility or at least that the notion to begin the sequester conversation came from the whitehouse. >> i think yo
we set as a goal as a number of others have to rules the deficit by 4 trillion dollars over the next decade. we made substantial progress. two and-a-half million. we didn't reach a plan then because speaker boehner decided to go to plan b. if we couldn't get to the bargain then i don't know if it's any easier now. it's hard for me to say what has changed from their calculations. but the president is going to try whatever will work and try to be helpful with this process. >> rose: just a...
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Mar 19, 2013
03/13
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CSPAN2
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can't we do just 7% for deficit reduction? i thought the deficit was so important. but maybe not when it comes to our friends protecting the interests of the big corporations and the rich. i thank the presiding officer, and i yield the floor. a senator: i suggest the absence of a quorum. the presiding officer: oh, now the clerk will call the roll. quorum call: quorum call: the presiding officer: mr. leader. mr. reid: i would ask unanimous consent that the quorum call be terminated. the presiding officer: without objection. mr. reid: i now ask unanimous consent that at 11:15 a.m. tomorrow, wednesday, march 20, all postcloture tile be expired, the durbin secondary amendment to toomey amendment be withdrawn with no other second-degree amendments the senate will come to order, the senate proceed to vote if relation to the toomey amendment 115, that upon disposition of the toomey amendment, the senate then proceed to vote on the mikulski-shelby substitute amendment, as amended; that upon disposition of the substitute amendment, the senate proceed to the cloture vote on t
can't we do just 7% for deficit reduction? i thought the deficit was so important. but maybe not when it comes to our friends protecting the interests of the big corporations and the rich. i thank the presiding officer, and i yield the floor. a senator: i suggest the absence of a quorum. the presiding officer: oh, now the clerk will call the roll. quorum call: quorum call: the presiding officer: mr. leader. mr. reid: i would ask unanimous consent that the quorum call be terminated. the...
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Mar 25, 2013
03/13
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this has seen the deficit come down by a third since he became chancellor and has seen over one million private sector jobs. he is getting the country out of the hole we are left in by the party opposite. >> speaker, will the prime minister welcomed the inception of the country's first local enterprise fund, were people have raised 400,000 pounds to invest in business albert -- efforts and securing employment? will he agree with me that in this respect, as in so many others, where bedford leaves -- leads the rest of the country follows. >> my honorable friend is right. he makes important points, which is that we do need to see more enterprise and have seen in britain over the last three years the fastest rate of new business creation in our history. but we need to see more of it to keep the private sector going. >> rising unemployment remains an issue in my stockton constituency. are-working families paying for the next months of seen a tax cut for millionaires. >> if the honorable gentleman looks at the figures today he will see that there are 131,000 more people in work over the last
this has seen the deficit come down by a third since he became chancellor and has seen over one million private sector jobs. he is getting the country out of the hole we are left in by the party opposite. >> speaker, will the prime minister welcomed the inception of the country's first local enterprise fund, were people have raised 400,000 pounds to invest in business albert -- efforts and securing employment? will he agree with me that in this respect, as in so many others, where bedford...
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Mar 21, 2013
03/13
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managing our deficit in a credible way that will get our deficit under control, it builds on the deficit reductions we've already done, we have already done since we started this debate and simpson-bowles recommendations came out. we have already done $2.4 trillion in deficit reduction, $1.8 trillion in spending reductions, $600 billion in revenues. this is very similar to how the simpson-bowles proposal was made. you have a plausible baseline. i'm not going to get too technical about all this. you're not using smoke and mirrors. you're using a realistic baseline in order to do the deficit reduction. it's achievable. it's doable. it's credible. and you deal with tax expenditures. one more point about tax expenditures, senator coons, because you're exactly right. we have provisions in the spending programs of this country that invest in energy security, and that's subject to sequestration because it's an appropriation bill, but we have provisions in the tax code that gives special breaks to the oil and gas industry. these are expenditures. these are revenues that we're hemorrhaging. they
managing our deficit in a credible way that will get our deficit under control, it builds on the deficit reductions we've already done, we have already done since we started this debate and simpson-bowles recommendations came out. we have already done $2.4 trillion in deficit reduction, $1.8 trillion in spending reductions, $600 billion in revenues. this is very similar to how the simpson-bowles proposal was made. you have a plausible baseline. i'm not going to get too technical about all this....
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Mar 21, 2013
03/13
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MSNBCW
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because, you know, there's kind of a trust deficit here now. if i was living in spain or italy, i might be thinking about putting my money someplace aside from a shaky bank right now. >> reporter: so the trust deficit stems from the original proposal was that they should tax not just uninsured deposits, but also insured deposits. imagine if you were living in the united states and even though we have fdic insurance up to $250,000, you were told that actually you're not going to get all $250,000 of your dollars, they were going to take a piece of that. that was the earlier proposal from earlier this week and that's what they thought would worry the italians and the span yards that they didn't even have insurance protection like they thought they did. that proposal has since been voted down, gone away. the banking situation here is unique compared to italy and spain. it's just so much bigger, it's not really comparable. >> thank you so much, michelle, we greatly appreciate it. and thank you, rona, we appreciate it as well. i think we learned some
because, you know, there's kind of a trust deficit here now. if i was living in spain or italy, i might be thinking about putting my money someplace aside from a shaky bank right now. >> reporter: so the trust deficit stems from the original proposal was that they should tax not just uninsured deposits, but also insured deposits. imagine if you were living in the united states and even though we have fdic insurance up to $250,000, you were told that actually you're not going to get all...
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Mar 26, 2013
03/13
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it doesn't get attention, because inside the beltway, the fixation is on deficit reduction, and that's not just among conservatives but centrists who somehow buy the idea that government is going to crush us if we don't immediately and drastically cut now. i don't think they want to cut as much as rand paul wants to cut. and you were right to highlight that part of his budget, increasing the retirement age and privatizing medicare, because i think that's the part of his budget that's going to really crash his 2016 hopes. but to get back to 2014, you know, it's going to be up to obama, particularly, to lead the charge. he's going to have to get out there and get in front and put his political capital on the line to make sure that democrats can win seats. and he and other democrats have to stop talking about the federal budget as if it's a family budget. it's not. it just isn't. they can't use that metaphor, ever again. >> heather mcgee and michael tomasky, let us stop talking of deficits and let us start talking of jobs. thank you for your time tonight. >> amen. >>> in a country rocked
it doesn't get attention, because inside the beltway, the fixation is on deficit reduction, and that's not just among conservatives but centrists who somehow buy the idea that government is going to crush us if we don't immediately and drastically cut now. i don't think they want to cut as much as rand paul wants to cut. and you were right to highlight that part of his budget, increasing the retirement age and privatizing medicare, because i think that's the part of his budget that's going to...
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570
Mar 23, 2013
03/13
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KNTV
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detroit is like a lot of cities struggling with budget deficits and closing schools like the one behind me. proposed shut-downs in chicago are more and bigger than any city has ever attempted all at one time. outrage intensified as word spread. 54 public schools in chicago are slated to close at the end of this school year. >> my child has been here since he's been going to school. >> it's so sad to think that they are all going to be separated. >> reporter: the city is working to address a $1 billion deficit and says the closures could save $560 million over ten years. before it can save it has to spend. $223 million to reconfigure the schools absorbing new students. >> this policy is racist, classist and we have to continue to say that our mayor who is away on a ski trip drops this information right before spring break. this is cowardly. it's the ultimate bullying job. mayor rahm emanuel should be ashamed of himself. >> reporter: mayor emanuel defends the closing claiming too much money has been spent on underutilized schools with empty classrooms saying, the city should focus on safe
detroit is like a lot of cities struggling with budget deficits and closing schools like the one behind me. proposed shut-downs in chicago are more and bigger than any city has ever attempted all at one time. outrage intensified as word spread. 54 public schools in chicago are slated to close at the end of this school year. >> my child has been here since he's been going to school. >> it's so sad to think that they are all going to be separated. >> reporter: the city is...
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Mar 21, 2013
03/13
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KCSMMHZ
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he was asked about concerns that it may be scene as fiscal deficits. he denied that saying buying government bonds from the market is one of the central bank's monetary measures. >>> japanese business leaders are hoping he will take bold measures to reenergize the sluggish economy. >> translator: our business has been so tough over the past 20 years due to prolonged deflation. consumers are reluctant to spend money when prices keep falling from one day to the next. i hope the boj will work closely with the government and take bold monetary easing steps to bring deflation to an end as soon as possible. >> translator: we have high expectations for the boj under kurodo's leadership. kurodo and his deputies have abundant experience both at home and abroad. they will make a great team to guide the economy. >>> we spoke to bill devinny. >> kuroda was actually quite clear that he wants to expand asset purchases, he wants to buy longer dated bonds and also to increase the scale of asset purchases. and we think he is going to be quite aggressive in pursuing the
he was asked about concerns that it may be scene as fiscal deficits. he denied that saying buying government bonds from the market is one of the central bank's monetary measures. >>> japanese business leaders are hoping he will take bold measures to reenergize the sluggish economy. >> translator: our business has been so tough over the past 20 years due to prolonged deflation. consumers are reluctant to spend money when prices keep falling from one day to the next. i hope the boj...
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Mar 22, 2013
03/13
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can we have a safety net that survives and still reduce the deficit? paul ryan says no. >> at least budgets are passing around here for a change. the government's going to have to learn to do more with less, it's not the government's money, it's the people's money. >> the senate democrats are considering a number of balances ever-- >> and house committee chair paul ryan telling us republicans and democrats are still world's apart. well, that is an understatement. we saw that just an hour ago. the democratic-led senate defeating the ryan house budget 40-59. so is there any hope left? here is congressman paul ryan. >> great to see you. >> great it to see you again. >> greta: i want to talk about the budget that passed today, i imagine you're happy. >> we're very happy. we passed a balanced budget and it's important we owe the country a reasonable plan and grows the economy. balancing the budget is not just a statistical exercise it's the necessary means to a healthier economy, it creates more jobs and helps people keep more of hard earned money and a con
can we have a safety net that survives and still reduce the deficit? paul ryan says no. >> at least budgets are passing around here for a change. the government's going to have to learn to do more with less, it's not the government's money, it's the people's money. >> the senate democrats are considering a number of balances ever-- >> and house committee chair paul ryan telling us republicans and democrats are still world's apart. well, that is an understatement. we saw that...
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Mar 24, 2013
03/13
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deficit supposedly help the economy. before i get into this, we both taught at the university of chicago law school. the first time i met him i introduced myself and say you are the kind of guy. as idiotic as silk. and i had no he would help me out with the city of chicago since i'd heard that. they said maybe we can get together for lunch sometime. but he kind of wrinkled his face, turned his back to me and walked away and that was the end of our first conversation. i have to say rinne two and 20 other times and it's pretty much the way all our conversations went. it is not thinking i would be getting christmas cards or anything else from him. i was not as a retired part of it is that got the strong impression when i would run into him that he viewed me as evil because of the gun issue. he had very strong opinions on the. [inaudible] [laughter] i'd found something on the gun issue he disagreed very strongly about and he viewed me as evil, not just wrote. in academia, is easy to disagree with people they are. we enjoyed
deficit supposedly help the economy. before i get into this, we both taught at the university of chicago law school. the first time i met him i introduced myself and say you are the kind of guy. as idiotic as silk. and i had no he would help me out with the city of chicago since i'd heard that. they said maybe we can get together for lunch sometime. but he kind of wrinkled his face, turned his back to me and walked away and that was the end of our first conversation. i have to say rinne two and...
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Mar 19, 2013
03/13
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the long-term budget deficit and the house is poised to take up congressman paul ryan's budget tomorrow. joining me right now republican congresswoman marsha blackburn of tennessee. i want to start by showing everybody the new poll numbers. both sides have taken a hit when it comes to the budget hit. 67% disapprove of the way the president has dealt with the budget. 79% disapprove of the republicans on this. people at home think it's just absolutely ridiculous. will those numbers push both sides to find a compromise before it's too late, before the numbers continue to go down any further? >> you. thomas, i think you're right. they do want to see a resolution to this and what they're wanting to see a resolution to first is the out of control spending. get this out of control spending under control. and that's what we hear from both sides of the aisle, from our constituents, regardless of whether they're democrat, independent, republican, libertarian, you name it. they say, washington spends too much. you don't have a revenue problem. you have a spending problem. get it all under control.
the long-term budget deficit and the house is poised to take up congressman paul ryan's budget tomorrow. joining me right now republican congresswoman marsha blackburn of tennessee. i want to start by showing everybody the new poll numbers. both sides have taken a hit when it comes to the budget hit. 67% disapprove of the way the president has dealt with the budget. 79% disapprove of the republicans on this. people at home think it's just absolutely ridiculous. will those numbers push both...